Rafferty Capital's Dick Bove publishes a weekly commentary on the state of the financial services sector. In his latest report dated Monday, he blasted the financial media after he conducted interviews with the press.Bove stated that he was upset with the quality of financial journalism after an un-named interviewer demonstrated little understanding of what a bank does. On top of that, the financial services analyst suggested that the media source is trying to sell its viewers a narrative that isn't necessarily true.Bove stated that the primary purpose of a bank is to sell a loan, much like the primary purpose of Apple Inc. is to sell an iPhone. As such, anyone who argues that a bank does not want to make a qualifying loan would similarly argue that Apple does not want to sell iPhones.Bove also took this one step further and said that another media narrative that there is unlimited demand for qualifying loan is "simply not true."Read more